Many Traders have attempted to to compare previous halving cycles with the current Halving cycle coming up in April this year.
considering that there as only been three previous halvings - the first one back in 2012 which does not give us any very useful data or information, so then there’s really only two Halvings that give us any useful information, the last one in 2020, and the one before that.
The last having had a significant pullback prior to it occurring. however, the largest part of this dump was actually caused by the Covid worldwide crisis.
Therefore, if we look at where bitcoin’s price looked like it would’ve bottomed out it, had the crisis not occurred, We can see that the bottom happened around five months before the halving.
Therefore this shows that this cycle is completely different as we have not seen anything like that happened so far.
could it be that we have already seen all of the selling/consolidation happening over the last few months as bitcoin has stepped its way up. This is very different what happened in 2020 with so very strong parabolic rise, and then a big sell-off that big parabolic rise has not really happened. This time it’s been a much more of a steady upward growth.
Therefore people might be in for a shock when bitcoin just continues to go up. maybe there will be a small dip after the halving - as in what happened in the 2016, halving cycle.
considering that there as only been three previous halvings - the first one back in 2012 which does not give us any very useful data or information, so then there’s really only two Halvings that give us any useful information, the last one in 2020, and the one before that.
The last having had a significant pullback prior to it occurring. however, the largest part of this dump was actually caused by the Covid worldwide crisis.
Therefore, if we look at where bitcoin’s price looked like it would’ve bottomed out it, had the crisis not occurred, We can see that the bottom happened around five months before the halving.
Therefore this shows that this cycle is completely different as we have not seen anything like that happened so far.
could it be that we have already seen all of the selling/consolidation happening over the last few months as bitcoin has stepped its way up. This is very different what happened in 2020 with so very strong parabolic rise, and then a big sell-off that big parabolic rise has not really happened. This time it’s been a much more of a steady upward growth.
Therefore people might be in for a shock when bitcoin just continues to go up. maybe there will be a small dip after the halving - as in what happened in the 2016, halving cycle.